ARMOUR Residential (ARR) Announces 40M Common Offering
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Price: $17.05 -0.23%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 17.3%
EPS Growth %: -5.2%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 17.3%
EPS Growth %: -5.2%
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ARMOUR Residential REIT, Inc. (NYSE: ARR) is commencing an underwritten public offering of 40,000,000 shares of common stock. ARMOUR expects to grant the underwriters a 30-day option to purchase up to 6,000,000 additional shares of common stock.
Deutsche Bank Securities, BofA Merrill Lynch and Citigroup are lead joint book-running managers of the offering and Barclays and Credit Suisse are joint book-running managers.
Deutsche Bank Securities, BofA Merrill Lynch and Citigroup are lead joint book-running managers of the offering and Barclays and Credit Suisse are joint book-running managers.
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